Canadian Mortgage Rates on the Rise Canadian mortgage rates are on the rise as Canadian banks are continuing to increase mortgage rates with the expectation of a higher interest rate environment. 5-Year Fixed Mortgage Rates The Government Of Canada 5-year bond yield have risen to the highest levels in 11 years. Bond rates determine fixed […]
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Federal Reserve Hikes Rates by 0.5%
The U.S. Federal Reserve has increased the benchmark interest rate by 0.5%. This is the largest increase since 2000 (22 years) bringing the benchmark rate between 0.75% and 1%. Inflation The interest increase comes as inflation in the U.S. is running at 8.5%. The Fed has also indicated that they will be reducing the balance […]